"This Liberal Will Be All About Socializing … Uhhh … Basically … Taking Over and the Government Running All of Your Companies"

Josh Wright —  13 November 2008

That is from Maxine Waters (HT: Luke Froeb). It is increasingly difficult these days to figure out whether socialization/ nationalization is a threat or a promise. The clip is priceless. You can see her two colleagues getting a kick out of Waters’ rant (which starts about the 1:10 mark) in response to the assertion from a Shell executive that failure by the government to allow expansion of supply will result in higher prices.